Last leg up before correction ! Target 8K -> 8.4K
June seems to be the time, the pandemic will loose its grip on society ! Temporary ! (Very telling story)
BTC Trading currently in a smaller symmetrical Triangle, which I expect to break out to the upside according to Elliot impulse wave rules (Fake out) ! After we will pull back (correction wave) forming the right wing of the diamond and from there I will keep you updated.
Be careful! 3rd impulsive wave is strong and incredibly fast. Don't lose it be patient to reach Tp.
It looks like minor wave C (78.500) of the intermediate wave 2 of the corrective A,B,C zig-zag pattern has ended. The correction started off at intermediate wave 1 (85.23) and ended at the 88.6% FR, marking a correction low at 78.38. Although minor wave C ending near the 100% FE of the A, B triangulation makes wave C structure a tad weak, the impulsive motive...
Details in chart. The inverted Head & Shoulders is highlighted with cups, but you really can't miss the big red candles. Gonna get a huge bear flag from this, IMO. Closed my shorts early, but never sorry to give the other guy the last dollar. Reactionary wave should appear within a few days rising from oversold condition. IMO this rascal is gonna pop up hard...
Hello traders, USD Index is in a bullish impulse up from 2018 lows; now with final wave 5) in play. Wave 5) that is unfolding out of a triangle correction can be underway to around 98.50/99.00 region, where bulls may slow down if we consider that legs out of a triangle are final in the sequence, so a higher degree retracement may occur during summer time.
Hello traders, Some important news will be released for AUD/USD to day later in the Asian trading session, namely interest rate decision by the RBA. Fundamental point of view and also based on RBA latest statement in April 2019, a rate hike could be eliminated by RBA for today due to economical situations they are concerned about, namely the trade war...
Apparent Elliot Wave formation. If wave's 2 and 4 actually tested the Fib retrace zones, price target will be above 4k. Also including a chart of the subwaves on 30 minute view which all appear to be valid Elliot waves which leads me to believe that this is a proper wave formation. EDIT: I mispoke in my comment...wait for wave 3 and 4 on the 30m chart to test...
GBPUSD short-term Elliott Wave analysis suggests that the rally from 8/15/2018 low at 1.2660 to 1.3042 high ended red wave 1. The internals of that rally higher took place in 3 wave corrective sequence i.e double three thus suggesting that the pair can be doing a Leading diagonal structure. Up from 1.2660 low, the initial rally to 1.2935 high ended black wave...
The wave three could reach 1.618 fib extension. Since wave 2 did not retrace much, i expect bigger retrace on wave 4. Wave 5 will target diagonal resistance that has been forming for a while now.
We have a pattern of 5 complete waves, which in turn form wave 1 of greater degree, now we are in correction a-b, once the c wave is finished, ideally in 78.6 a perfect Cypher pattern will be formed that will give us a more confirmed entry for wave 2 of greater degree.. also we have 2 magnets in 78.6 level that must be closed